Abandon Sensible Analysis
The Politicians Are Coming
Gold Mining Stocks ETF/Gold Shares ETF Relative Strength Ratio (GDX/GLD) turned systematically bearish on 12/27/12 when the 50-day SMA crossed below the 200-day SMA.
The S&P 500 (SPX: 1,418.10) fell 1.73 points or 0.12% on Thursday on low NYSE volume, between holidays. SPX recovered from deeper losses in the final 90 minutes in reaction to reports that U.S. politicians might meet again to try to find a deal to avoid falling of the fiscal cliff. Despite this hope, SPX closed below its closing price levels of the previous 7 trading days, again confirming a short-term downtrend, which also has been confirmed by various short-term momentum oscillators.
The Art of Contrary Thinking calls for questioning popular optimism. I have been skeptical that SPX will be able to overcome technical resistance around its September-October highs. The technical condition of the stock market has not supported the excessive optimism that the bullish majority of stock investors and traders clearly exhibit now and over the past several months. Low volume (most days) has revealed a lack of big buying power. Long-term momentum has been showing bearish divergence and has weakened considerably since the S&P 500 price peak on 9/14/12. And the bull phase of the 4-year cycle is long in tooth. Choosing safety over risk still appears to be the most reasonable approach for conservative traders and investors.
Our clients’ separately managed accounts made gains every quarter for the past 6 consecutive quarters; see:
Robert W. Colby Asset Management, Inc. (click here).
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9 major U.S. stock sectors ranked in order of long-term relative strength:
Financial (XLF) Neutral, Under Weight. The Relative Strength Ratio (XLF/SPY) turned systematically bullish on 12/5/12 when it rose above its 50-day SMA. XLF/SPY remains above its 200-day SMA, and the 50-day SMA has remained above the 200-day SMA since 10/12/12. Absolute price turned systematically bullish on 12/5/12 when it rose above its 50-day SMA. Price remains above its 200-day SMA, and the 50-day SMA has remained above the 200-day SMA since 2/21/12. Support: 15.98, 15.43, 15.06, 14.97, 14.84, 14.34, 14.09, 13.97, 13.30, 13.12, 12.86, 12.21, 11.73, 10.95, 10.83, 9.41, and 5.88. Resistance: 16.70, 16.75, 16.85, 17.20, and 17.87.
Consumer Discretionary (XLY) Neutral, Under Weight. The Relative Strength Ratio (XLY/SPY) rose above its 50-day SMA on 8/28/12, thereby turning systematically bullish again. XLY/SPY remains above its 200-day SMA, and the 50-day SMA has been above the 200-day SMA since 12/16/11. Absolute price turned systematically bullish on 11/23/12 when price crossed above its 50-day SMA. The 50-day SMA has remained above the 200-day SMA since 12/16/11. Support: 46.60, 46.34, 44.66, 44.34, 43.01, 42.44, 41.44, 41.21, 40.83, 39.97, 39.23, 38.75, 36.33, 33.07, 32.66, 31.70, 29.80, 28.64, 28.21, and 26.62. Resistance: 48.40.
Health Care (XLV) Neutral, Under Weight. The Relative Strength Ratio (XLV/SPY) turned systematically neutral on 12/18/12, when it fell below its 50-day SMA. XLV/SPY remains above its 200-day SMA, and the 50-day SMA has remained above the 200-day SMA consistently every day since 6/5/12. Absolute price turned systematically neutral on 12/24/12, when it fell below its 50-day SMA. Support: 39.29, 38.48, 38.33, 37.78, 37.18, 36.88, 36.77, 36.14, 35.38, 35.15, 34.71, 34.42, 31.68, 30.11, 29.64, 28.00, and 27.49. Resistance: 41.30 and 41.40.
Industrial (XLI) Neutral, Under Weight. The Relative Strength Ratio (XLI/SPY) 50-day SMA rose above its 200-day SMA on 12/26/12, thereby turning systematically bullish. Absolute price remains systematically bullish, although price faces overhead chart resistance nearby. The price 50-day SMA has remained moderately above the 200-day SMA since 8/24/12. Support: 37.23, 36.71, 36.35, 35.19, 35.00, 34.32, 33.84, 33.08, 32.22, 31.08, and 27.67. Resistance: 38.53, 38.98, 39.97, 40.82, and 41.99.
Materials (XLB) Neutral, Under Weight. The Relative Strength Ratio (XLB/SPY) turned neutral again on 12/14/12 when it whipsawed back above its 50-day SMA. XLB/SPY has been whipsawing around its 50-day SMA since 6/7/12, going from systematically bearish to neutral and back again. Longer term, XLB/SPY 50-day SMA has remained below the 200-day SMA consistently every day since 6/8/11. XLB absolute price turned systematically bullish on 12/11/12 when it rose above its 50-day SMA. The 50-day SMA has remained above the 200-day SMA since 9/14/12. Support: 36.20, 35.44, 34.99, 34.44, 34.10, 33.58, 32.59, 31.41, 30.72, 27.77, 23.85, and 17.83. Resistance: 37.68, 38.05, 38.57, 40.20, 40.72, 41.28, 43.04, 45.21, 45.21, and 46.54.
Consumer Staples (XLP) Bearish, Under Weight. The Relative Strength Ratio (XLP/SPY) turned systematically bearish on 12/19/12 when the 50-day SMA fell below the 200-day SMA. The 50-day SMA has remained above the 200-day SMA since 12/6/12. Absolute price turned systematically neutral on 12/21/12 when it fell below its 50-day SMA. Support: 33.56, 33.05, 32.70, 32.46, 31.84, 31.30, 30.19, 28.70, 28.07, 28.04, 27.76, 27.63, 27.46, 26.34, 25.30, and 24.95. Resistance: 36.45 and 36.59.
Energy (XLE) Neutral, Under Weight. The Relative Strength Ratio (XLE/SPY) remains systematically neutral. XLE/SPY recently has been testing both its 50-day SMA and 200-day SMA. Absolute price turned systematically neutral on 12/24/12, when it fell below its 50-day SMA. Support: 70.19, 70.37, 69.43, 67.77, 66.16, 64.64, 64.54, 61.11, 53.71, 50.33, 48.56, 46.16, and 43.66. Resistance: 73.39, 75.19, 75.27, 77.36, 77.85, 79.97, 80.97, 83.27, and 91.42.
Technology (XLK) Bearish, Under Weight. The Relative Strength Ratio (XLK/SPY) 50-day SMA fell below the 200-day SMA on 11/6/12, thereby turning systematically bearish. XLK/SPY fell below its 50-day SMA on 9/28/12 and fell below its 200-day SMA on 10/5/12. Absolute price turned systematically bearish on 12/7/12, when the 50-day SMA fell below the 200-day SMA. Support: 28.31, 27.21, 27.04, 26.56, 25.89, 25.66, 25.27, 24.01, 22.60, 22.47, 21.60, 20.01, and 19.51. Resistance: 29.56, 30.51, 31.22, 31.74, 32.00, 34.85, 36.40, and 39.07.
Utilities (XLU) Bearish, Under Weight. The Relative Strength Ratio (XLU/SPY) turned systematically bearish on 9/19/12, when the 50-day SMA crossed below the 200-day SMA. Absolute price turned systematically bearish on 11/25/12, when the price 50-day SMA crossed below the 200-day SMA. Support: 33.84, 33.18, 31.94, 29.45, 27.91, 27.44, and 25.76. Resistance: 36.07, 36.23, 37.44, 37.62, 38.54, 41.98, and 44.66.
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Stock Market Indicators
The Dow Theory signaled a Primary Tide Bear Market on 5/17/12 when both Industrials and Transports closed below their closing price lows of the previous 4 months, including the critical lows of March and April, 2012. The Dow-Jones Industrial Average rose above its closing price highs of the previous 4-years on 10/5/12, but the Dow-Jones Transportation Average failed to confirm, remaining substantially below its 2012 high, thereby demonstrating non confirmation and bearish divergence. Both Averages broke down below their closing price lows of the previous 4 months again on 11/15/12 and 11/16/12. On 12/18/12, the Dow-Jones Transportation Average rose above its September-October highs, but the Dow-Jones Industrial Average remained substantially below its highs, thereby demonstrating non confirmation and bearish divergence.
NASDAQ 100/S&P 500 Relative Strength Ratio (QQQ/SPY) turned systematically bearish on 11/7/12 when the 50-day SMA fell below the 200-day SMA.
iShares MSCI BRIC Fund (BKF) Relative Strength Ratio (BKF/SPY) turned systematically bullish on 12/20/12, when the 50-day SMA crossed above the 200-day SMA.
Emerging Markets Stocks ETF (EEM) Relative Strength Ratio (EEM/SPY) turned systematically bullish on 12/12/12, when the 50-day SMA crossed above the 200-day SMA.
Foreign Stocks ETF (EFA) Relative Strength Ratio (EFA/SPY) turned systematically bullish on 11/27/12, when the 50-day SMA crossed above the 200-day SMA.
The Largest Cap S&P 100/S&P 500 Relative Strength Ratio (OEF/SPY) turned systematically bearish on 12/17/12, when the 50-day SMA fell below the 200-day SMA. Large Caps tend to outperform in bearish general market trends as investors seek the perceived relative stability and safety of large size. On the other side of the coin, Large Caps tend to underperform Mid Caps and Small Caps in bullish general market trends as investors seek greater potential returns in more volatile, smaller stocks.
The Small Cap Russell 2000 Index/Large Cap Relative Strength Ratio (IWM/SPY) rose above its 50-day SMA on 11/29/12, thereby turning systematically neutral again. IWM/SPY 50-day SMA has remained below its 200-day SMA consistently every day since 4/20/12.
The S&P Mid Cap 400/Large Cap Relative Strength Ratio (MDY/SPY) turned systematically bullish on 12/14/12, when the 50-day SMA crossed above the 200-day SMA.
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The S&P 500 Composite Potential Resistance
1576.09, high of 10/11/2007
1552.76, high of 10/31/2007
1523.57, high of 12/11/2007
1498.85, high of 12/26/2007
1474.51, high of 9/14/2012
1464.02, high of 10/18/2012
1448.00, high of 12/19/2012
1440.24, high of 5/19/2008
1439.15, high of 9/12/2012
1438.59, high of 12/12/2012
1434.27, high of 11/2/2012
1432.82, low of 12/20/2012
1430.53, low of 9/26/2012
1426.76, low of 12/12/2012
1425.53, low of 10/12/2012
1425.48, Fibonacci 23.6% of June-Sept ’12 range
1424.41, Fibonacci 61.8% of Sept-Nov ’12 range
1423.73, high of 12/3/2012
1422.58, low of 12/21/2012
1422.38, high of 4/2/2012
1422.06, low of 10/22/2012
1421.12, high of 10/25/2012
1420.34, high of 12/7/2012
1419.70, high of 11/29/2012
1418.71, high of 8/17/2012
The S&P 500 Composite Potential Support
1415.32, high of 5/1/2012
1412.82, 50-day SMA
1409.16, high of 11/23/2012
1403.28, low of 10/26/12
1401.80, low of 12/27/12
1398.23, low of 12/5/2012
1397.68, low of 11/26/2012
1396.56, low of 9/4/2012
1395.14, Fibonacci 38.2% of June-Sept 2012 range
1391.04, low of 8/6/2012
1390.18, 200-day SMA
1388.71, low of 5/3/2012
1385.43, low of 11/28/2012
1381.50, Fibonacci 78.6% of 2007-2009 range
1380.39, high of 7/19/2012
1374.81, high of 7/3/2012
1370.62, Fibonacci 50.0% of June-Sept 2012 range
1370.58, high of 5/2/2011
1363.49, high of 6/19/2012
1357.38, low of 4/10/2012
1355.70, low of 7/2/2012
1346.11, Fibonacci 61.8% of June-Sept 2012 range
1343.35, low of 11/16/2012
1340.03, low of 3/6/2012
1335.52, high of 6/11/2012
1334.93, high of 5/31/2012
1329.24, low of 7/24/2012
1329.05, high of 6/7/2012
1328.49, high of 5/22/2012
1325.41, low of 7/12/2012
1311.20, Fibonacci 78.6% of June-Sept 2012 range
1306.62, low of 6/12/2012
1291.98, low of 5/18/2012
1266.74, low of 6/4/2012
1265.26, low of 1/5/2012
1262.30, low of 12/27/2011
1257.58, Fibonacci 61.8% of 2011 range
1244.80, low of 12/7/2011
1239.73, low of 12/1/2011
1238.81, Fibonacci 78.6% of 1,576.09 high
1234.81, low of 11/3/2011
1231.04, high of 12/16/2011
1228.74, Fibonacci 61.8% of 2007-2009 range
1226.64, low of 11/9/2011
1224.57, high of 12/19/2011
1215.20, low of 12/16/2011
1202.37, low of 12/19/2011
1158.66, low of 11/25/2011
1121.44, Fibonacci 50% of 2007-2009 range
1074.77, low of 10/4/2011
1014.14, Fibonacci 38.2% of 2007-2009 range
1010.91, low of 7/1/2010
991.97, low of 9/2/2009
978.51, low of 8/17/2009
956.23, high of 6/11/2009
881.38, Fibonacci 23.6% of 2007-2009 range
869.32, low of 7/8/2009
666.79, intraday low of 3/6/2009
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Fixed-Income Investments
Bond, iShares Barclays 20+ Year U.S. Treasury ETF (TLT) fell below its 50-day SMA on 12/12/12, thereby turning systematically neutral again. TLT fell below its 200-day SMA on 12/17/12. TLT’s 50-day SMA has remained above the 200-day SMA every day since 6/24/11. Support 119.90, 119.87, 118.05, 117.44, 115.69, 114.82, 109.69, 106.08, 103.20, 102.27, 96.31, 94.83, 93.14, 89.65, and 88.14. Resistance: 123.71, 126.08, 127.19, 127.72, 130.69, and 132.22.
Bond, iShares Barclays 7-10 Year U.S. Treasury ETF (IEF) fell below its 50-day SMA on 12/12/12, thereby turning systematically neutral again. IEF whipsawed back above its 200-day SMA on 12/19/12. IEF’s 50-day SMA has remained above the 200-day SMA every day since 6/21/11. Support 107.00, 106.59, 106.42, 105.84, 105.22, 104.77, 103.90, 102.51, 101.77, 101.36, 101.11, 99.79, and 97.66. Resistance: 108.15, 109.20, 109.32, and 109.89.
Junk/Investment-Grade Corporate Bond ETFs Relative Strength Ratio (JNK/LQD) rose above its 50-day SMA on 11/28/12, thereby turning systematically neutral again. JNK/LQD 50-day SMA has remained consistently below the 200-day SMA every day since 6/1/12.
U.S. Treasury Inflation Protected / U.S. Treasury 7-10 Year ETFs Relative Strength Ratio (TIP/IEF) turned systematically bullish again on 12/6/12 when it rose above its 50-day SMA. TIP/IEF rose above its 200-day SMA on 9/27/12, and the 50-day SMA rose above the 200-day SMA on 10/10/12.
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Tangible Assets, Commodities
U.S. dollar ETF (UUP) turned systematically bearish again on 12/11/12 when it fell below its 50-day SMA. UUP fell below its 200-day SMA on 8/31/12, and the 50-day SMA fell below the 200-day SMA on 10/2/12. Support 21.57, 21.07, and 20.84. Resistance 22.05, 22.30, 22.45, 23.14, 23.52, 25.84, 27.19, 28.97.
Agriculture, PowerShares DB Agriculture Fund ETF (DBA) price fell below its lows of the previous 5 months on 12/20/12. DBA turned systematically neutral on 11/30/12 when price crossed back down below its 50-day SMA. The 50-day SMA remains above the 200-day SMA, although the 50-200 spread has been narrowing gradually.
Crude Oil, United States Oil ETF (USO) turned systematically neutral again on 12/26/12, when price rose back above its 50-day SMA. This may well be just another whipsaw. USO price fell below its 200-day SMA on 9/17/12, and the 50-day SMA has remained below its 200-day SMA consistently every day since 6/7/12. Support 31.00, 29.02, 26.28, and 22.74. Resistance 34.70, 37.17, 38.31, 40.29, 41.38, 42.30, and 45.60.
Gold, SPDR Gold Shares ETF (GLD) price fell below its lows of the previous 4 months on 12/20/12. GLD turned systematically neutral on 11/27/12, when price fell below its 50-day SMA. Support: 157.40, 154.83, 148.27, 147.19, 143.97, 143.42, and 142.55. Resistance: 166.94, 170.01, 174.07, 175.46, 177.40, and 185.85.
Gold Mining Stocks ETF/Gold Shares ETF Relative Strength Ratio (GDX/GLD) turned systematically bearish on 12/27/12 when the 50-day SMA crossed below the 200-day SMA.
Silver, iShares Silver Trust ETF (SLV) price fell below its lows of the previous 4 months on 12/20/12. SLV turned systematically neutral on 12/13/12 when it fell below its 50-day SMA. Support 27.97, 26.87, 26.13, 25.34, 25.00, 24.44, 22.52, 20.73, and 19.44. Resistance: 32.72, 33.31, 34.08, 36.44, 40.23, 41.49, 42.30, 42.78, 44.71, and 48.35.
Silver/Gold ETFs Ratio (SLV/GLD) fell below its lows of the previous 4 months on 12/20/12. SLV/GLD turned systematically neutral on 12/14/12 when it fell below its 50-day SMA.
Copper, iPath DJ-UBS Copper TR Sub-Index ETN (JJC) turned systematically bearish on 12/20/12, when it fell well below both its 50-day SMA and 200-day SMA. Long term, JJC has been consolidating losses in Triangle chart pattern trading range between 38.99 and 51.41 for more than a year since October 2011. “Dr. Copper” is widely accepted as one of the better indicators of investor confidence (or lack thereof) in the global industrial economy.
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Spotlight on event stocks: Here is a stock screen I designed to pick out potential event stocks, both Bullish and Bearish. Sometimes, stocks with large changes in price and volume are later revealed to be deal stocks or are the subject of some other extraordinary events, positive or negative.
Bullish Stocks: Rising Price and Rising Volume
Ranked by Price Change * Volume Change
% Price Change, Symbol, Name
1.87% , EZA , South Africa Index, EZA
0.69% , EWA , Australia Index, EWA
0.46% , EWY , South Korea Index, EWY
0.51% , EWK , Belgium Index, EWK
0.31% , DXD , Short 200% Dow 30 PS, DXD
0.94% , HIG , HARTFORD FINL
0.32% , VPL , Pacific VIPERs, VPL
0.37% , VGK , European VIPERs, VGK
1.24% , RSX , Russia MV, RSX
0.11% , IWZ , Growth LargeCap Russell 3000, IWZ
1.04% , DV , DeVry, Inc.
0.50% , JCI , JOHNSON CONTROLS
1.24% , LTD , LIMITED BRANDS
0.30% , QID , Short 200% QQQ PS, QID
0.12% , MZZ , Short 200% MidCap 400 PS, MZZ
0.13% , IJS , Value SmallCap S&P 600 B, IJS
0.44% , IEV , Europe 350 S&P Index, IEV
0.53% , THD , Thailand MSCI iS, THD
0.15% , DOG , Short 100% Dow 30, DOG
0.86% , EL , Estee Lauder
0.41% , OMC , OMNICOM
0.17% , SDS , Short 200% S&P 500 PS, SDS
0.31% , IAU , Gold COMEX iS, IAU
0.37% , AVY , AVERY DENNISON
0.25% , HES , AMERADA HESS
0.19% , PSQ , Short 100% QQQ, PSQ
0.31% , SCZ , Small Cap EAFE MSCI iS, SCZ
0.15% , EIS , Israel MSCI iS, EIS
0.17% , ACWX , Global ex US ACWI iS, ACWX
0.70% , GNTX , Gentex Corporation
0.06% , RFG , Growth MidCap S&P 400, RFG
0.72% , CR , CRANE
0.02% , IXN , Technology Global, IXN
Bearish Stocks: Falling Price and Rising Volume
Ranked by Price Change * Volume Change
% Price Change, Symbol, Name
-1.34% , RYAAY , Ryanair Holdings plc
-0.25% , PFM , Dividend Achievers PS, PFM
-2.01% , FII , FED INVESTORS STK B
-1.31% , NE , NOBLE
-0.40% , PST , 200% Short Bond 7-10 Yr T, PST
-1.13% , LNC , LINCOLN NATL
-1.70% , PMTC.O , PARAMETRIC
-3.08% , RSH , RADIOSHACK
-1.38% , GCI , GANNETT
-1.20% , PPG , PPG INDUSTRIES
-1.21% , R , RYDER SYSTEM
-0.77% , TBT , 200% Short US T Bond, TBT
-0.28% , JKL , Value SmallCap iS M, JKL
-0.52% , EPI , India Earnings WTree, EPI
-0.37% , QLD , Ultra QQQ Double, QLD
-1.08% , THC , TENET HEALTHCARE
-1.42% , RHT , Red Hat Inc.
-1.15% , LO , Lorillard, Inc. LO
-0.37% , DDM , Ultra Dow30 Double, DDM
-1.26% , ATI , ALLEGHENY TECH
-0.92% , AFL , AFLAC
-3.51% , MRVL , MARVELL TECHNOLOGY
-0.45% , BIIB , BIOGEN IDEC
-0.20% , OEF , LargeCap Blend S&P 100, OEF
-0.83% , CMCSA , COMCAST HOLDINGS STK A
-0.58% , SIL , Silver Miners Global X, SIL
-1.07% , CTAS , CINTAS
-0.28% , DVY , Dividend DJ Select, DVY
-1.35% , NUE , NUCOR
-0.32% , VAW , Materials VIPERs, VAW
-0.39% , JNK , Bond, High-Yield Junk, JNK
-0.42% , CNP , CENTERPNT ENERGY
-0.17% , XLU , Utilities SPDR, XLU
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One-Day Ranking of Major ETFs, Ranked from Strongest to Weakest of the Day:
% Price Change, ETF Name, Symbol
1.87% South Africa Index, EZA
1.24% Russia MV, RSX
1.21% Italy Index, EWI
1.07% Turkey MSCI iS, TUR
1.03% France Index, EWQ
0.94% Sweden Index, EWD
0.94% EMU Europe Index, EZU
0.84% Netherlands Index, EWN
0.84% Austria Index, EWO
0.80% Spain Index, EWP
0.79% Silver Trust iS, SLV
0.76% Taiwan Index, EWT
0.73% Emerging VIPERs, VWO
0.69% Australia Index, EWA
0.68% Indonesia MV, IDX
0.66% Frontier Markets Guggenheim , FRN
0.55% Emerging Markets MSCI iS, EEM
0.53% Thailand MSCI iS, THD
0.51% Belgium Index, EWK
0.48% Dividend ex-U.S. DJ iS, IDV
0.48% Value EAFE MSCI, EFV
0.47% Brazil Index, EWZ
0.46% Realty Cohen & Steers, ICF
0.46% Foreign LargeCap EAFE MSCI iS, EFA
0.46% South Korea Index, EWY
0.44% Europe 350 S&P Index, IEV
0.41% Pacific ex-Japan, EPP
0.41% Malaysia Index, EWM
0.39% Mexico Index, EWW
0.38% Dividend International, PID
0.37% European VIPERs, VGK
0.37% Singapore Index, EWS
0.37% REIT VIPERs, VNQ
0.37% Germany Index, EWG
0.35% REIT Wilshire, RWR
0.34% Bond, 20+ Years Treasury, TLT
0.32% Bond, Long-Term Corp iBoxx iS, LQD
0.32% Pacific VIPERs, VPL
0.31% SmallCap Blend EAFE MSCI iS, SCZ
0.27% Growth EAFE MSCI, EFG
0.24% Water Resources, PHO
0.24% Gold Shares S.T., GLD
0.23% Energy Global, IXC
0.22% Global 100, IOO
0.20% Bond, 10 Year Treasury, IEF
0.20% Bond, High Yield Corp iBoxx iS, HYG
0.19% Oil Fund PowerShares, DBO
0.17% Consumer Staples SPDR, XLP
0.17% Global ex U.S. LargeCap Blend, ACWX
0.17% China 25 iS, FXI
0.15% Emerging 50 BLDRS, ADRE
0.13% Consumer Discretionary SPDR, XLY
0.13% Global LargeCap Blend MSCI iS, ACWI
0.13% SmallCap Value S&P 600 iS, IJS
0.12% Real Estate US DJ iS, IYR
0.12% Oil, Crude, U.S. Oil Fund, USO
0.11% Bond, TIPS U.S. Treasury iS, TIP
0.11% United Kingdom Index, EWU
0.10% Hong Kong Index, EWH
0.10% SmallCap Blend S&P 600 iS, IJR
0.10% Japan Index, EWJ
0.09% Bear, Short S&P 500, SH
0.08% Energy & Nat Res iS GS, IGE
0.06% Chile MSCI iS, ECH
0.06% Bond, Emerg Mkt JPM iS, EMB
0.05% Bond, Intermediate US Aggregate iS, AGG
0.04% Bond, 1-3 Year Treasury, SHY
0.04% Bond, Muni S&P ATM-Free iS, MUB
0.02% MidCap Russell, IWR
0.01% Bond Treasury Short-Term iS, SHV
0.01% Latin Am 40, ILF
0.00% Value LargeCap Dynamic PS, PWV
0.00% Technology DJ US, IYW
0.00% Semiconductor SPDR, XSD
0.00% MidCap Growth S&P 400 iS, IJK
0.00% Homebuilders SPDR, XHB
0.00% Growth VIPERs, VUG
0.00% Growth SmallCap VIPERs, VBK
0.00% Commodity Tracking, DBC
-0.02% Dividend Appreciation Vipers, VIG
-0.03% LargeCap Growth S&P 500 iS, IVW
-0.03% LargeCap Growth Russell 1000 iS, IWF
-0.03% Growth MidCap Russell, IWP
-0.04% Canada Index, EWC
-0.04% Telecom DJ US, IYZ
-0.05% Preferred Stock iS, PFF
-0.06% MidCap Value S&P 400 iS, IJJ
-0.06% SmallCap Growth S&P 600 iS, IJT
-0.07% SmallCap Blend Russell 2000 iS, IWM
-0.07% SmallCap Growth Russell 2000 iS, IWO
-0.07% Switzerland Index, EWL
-0.08% Blend Total Market VIPERs, VTI
-0.09% Biotech SPDR, XBI
-0.09% MidCap S&P 400 SPDRs, MDY
-0.09% SmallCap Value Russell 2000 iS, IWN
-0.10% LargeCap Blend S&P 500 iS, IVV
-0.10% LargeCap Blend Russell 1000 iS, IWB
-0.10% Technology SPDR, XLK
-0.11% China LargeCap Growth G D H USX PS, PGJ
-0.11% Agriculture DB PS, DBA
-0.11% Financial Preferred, PGF
-0.11% Small Cap VIPERs, VB
-0.12% LargeCap Blend Russell 3000 iS, IWV
-0.13% Value SmallCap VIPERS, VBR
-0.13% S&P 500 SPDRs LargeCap Blend, SPY
-0.14% Dividend SPDR, SDY
-0.14% MidCap Blend S&P 400 iS, IJH
-0.15% Info Tech VIPERs, VGT
-0.15% Health Care SPDR, XLV
-0.15% LargeCap VIPERs, VV
-0.16% QQQ Nasdaq 100 Trust, QQQ
-0.16% Microcap Russell, IWC
-0.16% Industrial SPDR, XLI
-0.16% DIAMONDS (DJIA), DIA
-0.17% Utilities SPDR, XLU
-0.18% LargeCap Value S&P 500 iS, IVE
-0.18% Energy SPDR, XLE
-0.20% LargeCap Blend S&P 100, OEF
-0.21% LargeCap Blend S&P=Weight R, RSP
-0.21% Utilities VIPERs, VPU
-0.21% Dividend High Yield Equity PS, PEY
-0.22% Value MidCap Russell, IWS
-0.22% Energy DJ, IYE
-0.22% Value VIPERs, VTV
-0.23% Energy VIPERs, VDE
-0.23% LargeCap Value Russell 1000 iS, IWD
-0.24% Financials VIPERs, VFH
-0.25% Bond Ex-US Treas, BWX
-0.28% Dividend U.S. DJ iS, DVY
-0.29% Financial Services DJ, IYG
-0.34% Financial SPDR, XLF
-0.35% Materials SPDR, XLB
-0.36% Financial DJ US, IYF
-0.39% Networking, IGN
-0.39% Bond, High-Yield Junk, JNK
-0.42% Basic Materials DJ US, IYM
-0.45% Transportation Av DJ, IYT
-0.49% WilderHill Clean Energy PS, PBW
-0.52% Semiconductor iS IGW, SOXX
-0.52% India Earnings WTree, EPI
-0.71% Capital Markets KWB ST, KCE
-0.83% Metals & Mining SPDR, XME
-1.10% India PS, PIN
